Fast Bank launches "Restart" business loan refinancing program

Fast Bank has launched the “Restart” business loan refinancing program, through which micro, small and medium-sized business representatives can transfer their current loans to Fast Bank at a nominal annual interest rate of up to 2%.

Within the framework of the program, entrepreneurs also have the opportunity to obtain additional funds in the amount of up to 40% of the loan amount.

Refinancing of “Restart” business loans and credit lines can be carried out both in AMD and USD.

In the case of loans provided in AMD, the annual nominal interest rate starts from 11.50%, the actual interest rate is 11.91%, and in the case of USD, the interest rate starts from 8.50%, the actual interest rate starts from 8.15%.

Moreover, regardless of the term of the previous loan agreement, loans in Fast Bank are provided for 37-120 months.

Refinancing of “Restart” business loans and lines of credit is available in the range of 15 million to 400 million drams, or from 40 thousand to 1 million dollars. Let us also add that Fast Bank covers the costs associated with collateral.

To learn more about the “Restart” business loan refinancing program, you need to follow the following link.

Fast Bank is a company aiming to become a digital bank, which is represented in Yerevan and all regions of Armenia with a 24/7 working schedule.

Fast Bank is supervised by the Central Bank of Armenia.